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708 N Dillon St Los Angeles, CA 90026

$2,400,000 Sold Price as of 11/21/2019

8 Beds
7 Baths
3,540 Sq.Ft.

Sold

$2,400,000 Sold Price as of 11/21/2019 Refinance Your Mortgage

Map preview of 708 N Dillon St, Los Angeles, CA 90026

Property Overview: 708 N Dillon St Los Angeles, CA has 8 bedrooms, 7 bathrooms, 3,540 living square feet and 6,302 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 780-712 North Dillon Street is a seven-unit apartment building centrally located in the neighborhood of Silver Lake in Los Angeles, CA. Unique to this offering, this property is the only commercial building on the block. With an ideal unit mix of (6) one bedroom / one bath and (1) two bedroom / one bath, this asset features apartments ideal for young professionals aiming to live within close proximity to Downtown Los Angeles.This Spanish-style building boasts character and charm while featuring fully-updated and remodeled apartment units with tasteful modern styling. Each apartment unit features washers and dryers. The extensive renovations include hardwood floors, tiled bathrooms and kitchens, cabinets, light fixtures and ceiling fans. The building is fully-parked with six of the seven spaces as private garages. The building features exclusive exterior common areas for the apartment units, increasing desirability.

Listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft: 6,302
HOA Dues: $0/mo
Year built: 1930
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19486234
City: Los Angeles
County: Los Angeles
Time on Site: 1263 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 6
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $11,072
Total Rent: $11,072
Pro Forma/Market Rent: $13,700

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,750
Total Rent: $2,750
Pro Forma/Market Rent: $2,950

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.31%
Gross Rent Multiplier: 14.85
Gross Scheduled Income: --
Net Operating Income: $105,292
Gross Operating Income: $159,724
Improvements Total: $721,507

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 708 N Dillon St

Interior Features

Laundry Information

Has Laundry
Washer Included, Dryer Included

Kitchen Information

Has Appliances
Dishwasher

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage

Property Information

Total # of Units: 7
Parcel Number: 5401019001

Location / Neighborhood

Location Information

Directions: Middle of Dillon street between Ellsworth St and Marathon St.

View more facts & features

Local Los Angeles Agent

Sale History for 708 N Dillon St

Last sold for $2,400,000 on November 21st, 2019

December, 2019
Dec 2, 2019

Date

Sold

CRMLS: 19486234

$2,400,000

Price
Aug 14, 2019

Date

Active Under Contract

CRMLS: 19486234

$2,445,000

Price
Jul 30, 2019

Date

Price Change

CRMLS: 19486234

$2,445,000

Price
Jul 9, 2019

Date

Active

CRMLS: 19486234

$2,495,000

Price
November, 2019
Nov 20, 2019

Date

Sold (Public Records)

Public Records

$2,400,000

Price
March, 2019
Mar 8, 2019

Date

Expired

CRMLS: 18415542

$2,512,000

Price
Jan 25, 2019

Date

Withdrawn

CRMLS: 18415542

$2,512,000

Price
Dec 13, 2018

Date

Active

CRMLS: 18415542

$2,512,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive listing of a seven-unit apartment building located at 708-712 N Dillon St. This charming Spanish style apartment building is centrally located in Silver Lake and boast seven fully updated, remodeled, modern/contemporary style units with washer & dryers in each. Most of the units have tons of natural light and the property's renovation includes, hardwood floors, newly tiled bathrooms and kitchens with cabinets, in addition to new light fixtures and ceiling fans. As the only commercial building on the block this property has seven on-site parking spaces of which six are private garages with remote control access. Countless improvements have been made to the property both inside and out as the units have an exclusive exterior common area's leading to the desirability of the asset. Due its high-end upgrades and highly sought-after location this building has proven to be one of the most prestigious in the pocket.

Continue Reading
November, 2018
Nov 28, 2018

Date

Canceled

CRMLS: 18402238

$2,512,000

Price
Oct 30, 2018

Date

Active

CRMLS: 18402238

$2,512,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive listing of a seven-unit apartment building located at 708-712 N Dillon St. The charming Spanish style building nestled in Silver Lake proper has seven fully updated contemporary units that've been meticulously brought back to the Spanish Charm the exterior boasts. With new washers & dryers, tons of natural light, freshly finished hardwood, newly renovated bathrooms and kitchens (including cabinets and lighting in each), the building is a magnet for the upper echelon tenant all owners are striving to have. This asset has a stellar unit mix of one 2+1 owner's unit with office and six 1+1's, along with 7 on-site parking spaces for tenants. This is a rare opportunity to own one of the most polished buildings amongst some of the hottest restaurants and bars the city has to offer.

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October, 2018
Oct 29, 2018

Date

Canceled

CRMLS: 18390338

$2,625,000

Price
Sep 26, 2018

Date

Active

CRMLS: 18390338

$2,625,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive listing of a seven-unit apartment building located at 708-712 N Dillon St. This charming Spanish style apartment building is centrally located in Silver Lake and boast seven fully updated, remodeled, modern/contemporary style units with washer & dryers in each. Most of the units have tons of natural light and the property's renovation includes, hardwood floors, newly tiled bathrooms and kitchens with cabinets, in addition to new light fixtures and ceiling fans. As the only commercial building on the block this property has seven on-site parking spaces of which six are private garages with remote control access. Countless improvements have been made to the property both inside and out as the units have an exclusive exterior common area's leading to the desirability of the asset. Due its high-end upgrades and highly sought-after location this building has proven to be one of the most prestigious in the pocket.

Continue Reading
March, 2016
Mar 28, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 708 N Dillon St

Assessed Value (2020): $2,400,315

Year	Land Value	Improved Value	Assessed Value
2020	$1,700,000	$700,315	$2,400,315

Home Value Compared to the Market

This property vs the competition

708 N Dillon St sold on November 21, 2019 for 116.37% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $690.68 per/sqft which puts the price per square foot 8.4% lower than the current median sale per square foot for the city of Los Angeles.

About 708 N Dillon St

Detailed summary of property

708 N Dillon St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 3,540 living square feet, and sits on an approximately 6,302 square foot lot. 708 N Dillon St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,400,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 116.37% higher than the current median priced home. Local homes that are currently for sale include 543 N Heliotrope Dr, 4214 Sunset Dr and 1424 N Hoover St. While the average home in Los Angeles, CA is selling in 99 days, 708 N Dillon St has a days on market of 37 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 708 N Dillon St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 708 N Dillon St

Public county record property details

Beds: 2
Baths: 7
Year built: 1930
Sq. Ft.: 3,540
Lot Size: 6,302
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 53
APN: 5401-019-001

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,199,000

Median List Price/Sq.Ft.

$820

Median Sold Price

$1,540,000

Median Sold Price/Sq.Ft.

$1,098

Total Inventory

Median Sale to List Price %

110.39%

Avg Days on Market

Loan Type

Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.